$5,999,000
Key Largo, FL 33070
MLS# 619962
10150 sqft
1 / 92
Property Description
Exceptional mixed-use investment opportunity in the heart of Tavernier at 91865 Overseas Highway. This fully renovated income-producing property features a strong tenant mix consisting of 10 residential apartments and 5 established commercial tenants, including a popular pizzeria, boutique doctor's office, hair and nail salon, coffee shop, and additional long-term businesses serving the Upper Keys community. The property has undergone extensive interior and exterior renovations with quality craftsmanship and attention to detail throughout, including high-impact windows and doors, updated plumbing and electrical systems, 2023 Metal/Shingle Roofs, new A/C units, paver walkways, exterior lighting, fresh stucco and paint, tile flooring throughout, zebra shades, and fully furnished all inclusive residential units. Positioned along the highly trafficked Overseas Highway corridor, this landmark property in the south end of Key Largo offers stable cash flow, strong rental demand, and substantial annual revenue with market-rate leases already in place. Under the current Profit & Loss Statement, the property is producing approximately a 7% return based on the asking price. Seller financing available with up to $3,000,000 owner financing offered at 4% interest-only payments for up to 3 years. A rare turnkey commercial asset in one of the Florida Keys' most desirable and supply-constrained markets.
Details
Maps
Contract Information
Current Price: $5,999,000
Listing Date: 2026-05-19
Listing Board: Florida Keys
Monthly Rent: $5,999,000
Limited Representation: No
Potential Short Sale: No
Bank Owned: No
Species List: No
Location, Tax & Legal
Street #: 91865
Street Name: Overseas
Street Suffix: Highway
Key/Island: Key Largo
State/Province: FL
Zip Code: 33070
Subdivision: Tavernier No 2 (91.5)
County: Monroe
Area: 26 - Key Largo S of MM 96.9
General Property Description
Realtor.COM Type: Commercial
Style: Commercial
Lot Size: 21140
Lot SqFt: 21140
Waterfront: No
Building SqFt: 9878
Living Apx SqFt: 10150
Year Built: 1936
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Vehicle Storage
Car(s): 4+
Financial Status
Bank Owned: No
Potential Short Sale: No
Status Change Info
Status: Active
Property Features
Type: Apartment 3 or more; Professional Service; Restaurant; Shop/Strip Center
Waterfront: None
Waterview: No Waterview
Dockage: None
Vehicle Storage: Assigned Parking; Common Parking; Off Street Parking
Cooling: Ceiling Fans(s); Central Air; Wall/Window Unit(s)
Heating: Central
Utilities: FKAA; Municipal Sewer
Appliances: Dryer; Range; Refrigerator; Washer
Miscellaneous: High Traffc Location; High Visibility; Highway Frontage; Patio; Security System
Construction: CBS
Floor: Tile
Roof: Metal Roof; Shingle Roof
Land Size: 1/4 - 1/2 Acre
Fee Includes: None
Terms: Seller Finance Psble
Listing Office: Cornell Commercial Real Estate, Inc.
Last Updated: October - 09 - 2026
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